11/24/2010 05:12 am ET Updated May 25, 2011

University Of Pennsylvania Endowment Rises 13%

The University of Pennsylvania, the Ivy League school founded by Benjamin Franklin, said the fund that manages most of its endowment gained 13 percent in the past year, helped by investments in credit and public equities.

The Associated Investments Fund outperformed its benchmark by 3.6 percentage points in the year ended June 30, the university, in Philadelphia, said today in an e-mail.

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